Tuesday, December 23, 2008

Bush, Cheney comforted troops privately

GIVING SUPPORT: Vice President Dick Cheney, an avid fly-fisherman, practices his cast with wounded troops from Walter Reed Army Medical Center during one of the half-dozen barbecues he's hosted at his Naval Observatory home. (White House photo)
GIVING SUPPORT: Vice President Dick Cheney, an avid fly-fisherman, practices his cast with wounded troops from Walter Reed Army Medical Hospital.


For much of the past seven years, President Bush and Vice President Dick Cheney have waged a clandestine operation inside the White House. It has involved thousands of military personnel, private presidential letters and meetings that were kept off their public calendars or sometimes left the news media in the dark.

Their mission: to comfort the families of soldiers who died fighting in Afghanistan and Iraq since the Sept. 11 terrorist attacks and to lift the spirits of those wounded in the service of their country.

On Monday, the president is set to make a more common public trip - with reporters in tow - to Walter Reed Army Medical Center, home to many of the wounded and a symbol of controversy earlier in his presidency over the quality of care the veterans were receiving.

But the size and scope of Mr. Bush's and Mr. Cheney's private endeavors to meet with wounded soliders and families of the fallen far exceed anything that has been witnessed publicly, according to interviews with more than a dozen officials familiar with the effort.

"People say, 'Why would you do that?'" the president said in an Oval Office interview with The Washington Times on Friday. "And the answer is: This is my duty. The president is commander in chief, but the president is often comforter in chief, as well. It is my duty to be - to try to comfort as best as I humanly can a loved one who is in anguish."

Mr. Bush, for instance, has sent personal letters to the families of every one of the more than 4,000 troops who have died in the two wars, an enormous personal effort that consumed hours of his time and escaped public notice. The task, along with meeting family members of troops killed in action, has been so wrenching - balancing the anger, grief and pride of families coping with the loss symbolized by a flag-draped coffin - that the president often leaned on his wife, Laura, for emotional support.

"I lean on the Almighty and Laura," Mr. Bush said in the interview. "She has been very reassuring, very calming."

Mr. Bush also has met privately with more than 500 families of troops killed in action and with more than 950 wounded veterans, according to White House spokesman Carlton Carroll. Many of those meetings were outside the presence of the news media at the White House or at private sessions during official travel stops, officials said.

The first lady said those private visits, many of which she also attended, took a heavy emotional toll, not just on the president, but on her as well.

Saturday, December 20, 2008

U2 To Sell Five Versions Of New Album - One With Almost $100 List Price

U2 will release five different versions of their next album, No Line On The Horizon, with one version carrying a list price of almost $100 (USD). That's according to product listings on Amazon.com tonight. All five are listed with a March 3, 2009, release date.

Officially, U2 has only announced the album's name and release date; no details have been shared about different formats. Earlier this year, though, manager Paul McGuinness hinted to BBC radio that the new album's release would be unique: "We will obviously work with whatever technology is available to make the release of the new record as interesting as possible."

The first two formats on Amazon.com are standard CD and vinyl releases:

Audio CD ($13.98 list price)
Description: "This version is the standard album CD in a plastic jewel case w /24 page color booklet."

Vinyl (2 LP) ($17.98 list price)
Description: "This version is 2 vinyl discs in a folding sleeve with 16-page oversized booklet."

There are also three "limited editions" listed, each with unique bonus material:

Digi-pack version (CD/Poster/Film Download) ($35.98 list price)
Description: "This version features the album CD in a cardboard folded sleeve w/ a 36-page color booklet and fold-out poster, as well as a new film from Anton Corbijn featuring the music of U2, available as exclusive downloadable content."

Magazine version (CD/Magazine/Film Download) ($49.98 list price)
Description: "This version features the album CD in a special 60-page soft cover magazine-style book as well as a new film from Anton Corbijn featuring the music of U2, available as exclusive downloadable content."

Box Set version (CD/Poster/Book/DVD) ($95.98 list price)
Description: "This version is a deluxe limited-edition-collectors item: packaged in a special box, album CD in a cardboard folded sleeve w/ 36 page color booklet and fold out poster. Box also includes 60-page hard cover book plus an additional fold-out poster and a DVD of the new film from Anton Corbijn featuring the music of U2 in a slip case cover."

Amazon UK also lists five versions of No Line On The Horizon, but the product descriptions aren't as detailed; one listing, though, does refer to a "Hardback Book" -- likely the same item in the "Box Set" listed on Amazon.com.

Friday, December 19, 2008

The Bono Put

While Warren Buffett watches his investments in Goldman Sachs and Constellation Energy struggle, the savvy investors in this market turn out to have been Bono and Madonna.

When concert promoter Live Nation Inc. inked a 12-year deal with the band U2, they promised to pay part of their deal in stock, and guaranteed U2 $25 million in proceeds. But U2 has now decided to sell the shares — when they’re worth only about $6 million, handing Live Nation a $19 million loss.

The company said in a filing that it would pay for this with cash or borrowing money. The company will be selling 1.56 million shares of stock through Goldman Sachs, but that’s not going to make up what’s needed to pay U2. The company only made this deal with one other star, Madonna, who has the right, come April, to enter into a similar transaction, also for $25 million.

“It points out when you’ve got competition and you’re trying to buy your way into the marketplace,” says Jon Najarian, co-founder of Optionmonster.com.

| Trackback URL: http://blogs.wsj.com/marketbeat/2008/12/18/the-bono-put/trackback/

For U2, Live Nation Deal Rocks

[Rockers U2 Score With Stock Deal]

After Delay, U2 on the Horizon

U2’s 12th studio album, “No Line on the Horizon,” will be released by Interscope Records on March 3, the band announced on Thursday. Recorded by the band’s longtime producers Daniel Lanois, Brian Eno and Steve Lillywhite in Morocco, Dublin, New York and London, this will be U2’s first album of new material in nearly five years. It had been scheduled for release this fall, but Bono, left, and the rest of the band delayed it to continue working. That’s hardly unusual, but since a new U2 album is such a reliable blockbuster, the change caused an immediate downgrade of industry forecasts for the important year-end sales season. Expected albums by 50 Cent, Eminem and Jay-Z were also pushed to 2009, and record sales dropped sharply this fall. Album sales for September and October were down 20 percent from the same period last year, according to Nielsen SoundScan, and Billboard reported that sales for the three weeks that ended Dec. 7 were down nearly 25 percent.

Bush on His Record: The president defends his democracy agenda and his economic interventionism.

[The Weekend Interview] Terry Shoffner

Who Wears the Pants

In the past few years, stay-at-home moms have come under fire from some of feminism's most hard-line mouthpieces. These mothers have been told that they're letting down the sisterhood, endangering the economy and -- most important -- undermining their own position. By failing to bring in at least half the family income, it is claimed, they have rendered themselves powerless in their own homes.

[Who Wears the Pants] Barbara Kelley

"Incomes give women power in their marriages," says Leslie Bennetts, a Vanity Fair writer and frequent "Today Show" guest. She has called the recent increase in mothers choosing to stay home a national tragedy. Linda Hirshman, the author of "Get to Work: A Manifesto for Women of the World," has made her own rounds of female-targeted programming, appearing on "The View" and "Good Morning America" to recommend that young women "marry down." Why? Because money "usually accompanies power," she says, "and it enables the bearer to wield power, including within the family."

But as it turns out, wives don't need income to wield power in their marriages. And mothers don't have much reason to fear losing power if they're not bringing home an equal share of the bacon. A Pew Research Center study released a couple of weeks ago found that when it comes to decision making in the home, wives in a majority of cases either rule the roost or share power equally with their husbands, regardless of how much money the women earn.

Of the 1,260 men and women whom Pew pollsters surveyed over the summer, 43% responded that the woman makes most of the major decisions for the family, with 31% saying that the couple makes most decisions together. There was a small difference (within the margin of error) between the control exerted by wives who earn more than their husbands and those who earn less (46% versus 42%). But in both cases, women wielded sole decision-making power far more than men did, indicating that what "father knows best" is when to defer to mom.

Certainly that was what University of Iowa researchers found last year when they measured how couples negotiate conflict over household decisions. That study not only confirmed that men will usually go along with their wives but found that when couples do disagree, wives are far more persuasive than husbands in changing their spouses' minds.

According to the author of the study, David Vogel, what he and his team witnessed during recorded conversations wasn't a case of men tuning out when their wives started talking. Rather the researchers saw that when spouses engaged in debate, the women gained more ground than their husbands did. "[The women] were communicating more powerful messages and men were responding to those messages by agreeing," Mr. Vogel stated in a press release. The hypothesis that men hold more sway in relationships because they typically make more money didn't play out.

If a bigger paycheck did mean more power in any area of family decision making, the most likely one would be finances. But even there women are in charge, with more women than men in the Pew survey saying that they manage the couple's budget and wives in the Iowa study winning out over husbands in money disagreements. According to Pew, 45% of women said they hold the family purse strings compared to 37% of men. This despite two-thirds of the couples reporting that the man had the higher income. In fact, in recent years a substantial amount of research has shown that wives lose some of their household decision-making power when they earn more than their husbands, possibly because by spending fewer hours in the home they forfeit claims to certain household "expertise."

Scholarly interest in which spouse has more power in the home didn't start in earnest until the late 1960s, when women began entering the work force in significant numbers. But advertisers have been tracking the buying habits of American families since the 1940s. What they have found is that women made more of the household purchasing decisions before the advent of the feminist movement and that they make more of the purchasing decisions now, regardless of how big or small their paychecks are. These marketing surveys have been remarkably consistent, and they haven't changed much in the past 60 years.

To be fair, many of the scholarly studies' conclusions include a "final say" contingency -- many husbands claim that they have veto power when they feel very strongly about an issue. But consumer research shows that with the exception of what car to buy and when to buy it, men rarely claim strong enough feelings to override their wives.

"Across all decision-making realms, it tilts to the woman," noted Rich Morin, the Pew study's lead author. "I was surprised by the percentage of men who made none of the decisions in any of the areas. A significant percentage were just bystanders." Not surprisingly, one reason men say they are willing to acquiesce in their spouses' wishes is that their wives usually have greater knowledge of the day-to-day activities and needs of the home than they do. They trust their wives' choices the way they would any specialist's. But what is rather unexpected is the deeper (and much sweeter) reason men have for giving in to their wives: They want them to be happy, or at least they don't want to be responsible for making them unhappy.

The general consensus of sociologists is that, whereas a woman's marital satisfaction is dependent on a combination of economic, emotional and psychological realities, a man's marital satisfaction is most determined by one factor: how happy his wife is. When she is happy, he is. Working within this framework, most husbands are unwilling to dig in their heels on any issue unless they have a tremendous incentive to do so.

More than anything, this sentiment shows the silliness inherent in the brand of feminism that belittles full-time motherhood by constantly worrying about the family balance of power. In most American marriages there is no struggle for supremacy, because most of the husbands are all too happy to let their wives make, or at least share equally in, the decisions. This is an arrangement, according to the Pew poll, that satisfies the majority of couples. And if they're content with it, maybe feminists should be too.

Ms. Basham is the author of "Beside Every Successful Man: A Woman's Guide to Having It All," just released by Crown Forum.

Saturday, December 13, 2008

Nobel laureates crown U2's Bono 'man of peace'

"This is a very big award for me, because let's be honest this is as close as I am going to get -- as close as a rock star is ever going to get to the Nobel Peace Prize," the 48-year-old Bono quipped to the audience.

"I am an over-awarded, over-rewarded rock star. You are the people who do the real work," he told the Nobel winners present, who included F.W. de Klerk of South Africa, Lech Walesa of Poland and Northern Ireland's John Hume.

"So I am very, very pleased to be in such esteemed company."

2008 Scattante CFR Race Road Bike

  • Lightweight carbon monocoque C-4 frame with carbon/aluminum fork offers a stiff and efficient ride with less vibration
  • Shimano Ultegra drivetrain blends race-proven technology with ergonomic perfection to give you a new level of shifting performance
  • FSA SLK Light Carbon cranks with MegaExo bottom bracket deliver super-stiff, no-flex pedaling power for the road ahead. The arms are Hollow Carbon with an internal I-beam reinforcement that yields higher torsional strength and stiffness than our previous cranksets.
  • E3 Curve Carbon OS handlebars - Full carbon fiber construction dampens vibration and provides a nearly weightless experience through the twist and turns of the road ahead. Anatomic flat top section offers a comfortable, stable platform for your hands while remaining aerodynamic. Ergonomic drop section reduces fatigue and improves braking performance
  • Forté Precision carbon seatpost supplies core-level strength, style and vibration damping performance
  • Continental Ultra Sport tires provide comfort and exceptional handling, especially on rough road surfaces
  • Mavic Ksyrium Equipe wheels are lightweight, responsive and guarantee a reliable road experience
  • OEM: Fuji; Equivalent Frame: Team
  • Reviews
Unparalleled power and lightweight speed pave the way to fast finish with this pro-level racing bike. Constructed with cutting-edge Composite Bladder Molding and Aerospace Composite technologies, the carbon fiber chassis delivers a nearly “weightless” ride while remaining laterally stiff, vertically resilient and fast as all get out! And with the addition of Shimano’s smooth and effortless Ultegra drivetrain, the powerful climbing performance of FSA carbon cranks and the lightweight aerodynamics of Mavic’s Ksyrium Equipe wheelset, you’ll be ridin’ like the wind in no time flat!

Cassette: Shimano 105 CS-5600, 11/23T, 10-speed
Front Derailleur: Shimano Ultegra FD-6600-B, Double, 31.8mm clamp
Levers: Shimano Ultegra ST-6600
Shifters: Shimano Ultegra ST-6600, 10-speed
Rear Derailleur: Shimano Ultegra ST-6600SS, 10-speed
Brakeset: Shimano Ultegra ST-6600
Pedals: Shimano SPD-SL 6620 Road Pedals
http://www.performancebike.com/product_images/500/30-0773-CAR-SIDE.jpg
http://www.performancebike.com/product_images/500/30-0775-CAR-GEARS.jpg
http://www.performancebike.com/product_images/500/30-0773-CAR-CRANK.jpg
http://www.performancebike.com/product_images/500/30-0773-CAR-ANGLE.jpg

Friday, December 12, 2008

NIB Shimano Ultegra 6600 components for sale

For sale as a group or separately. Prices are significantly reduced from local shop prices and would make a great Christmas present. If you know of anyone that would be interested...


Components comprised of:
• Shimano Ultegra Rear Derailleur 10 Speed 6600 - $65
• Shimano Ultegra Front Derailleur Double 6600 Braze On - $30
• Shimano Ultegra STi Double 10 Speed 6600 - $250
• Shimano Ultegra Chainset HT II Double 6600 (172.5, 53/39) - $175
• Shimano Ultegra Bottom Bracket 6600/6603 6600 Ultegra bottom bracket - British thread - $15
• Shimano Ultegra Chain 10 Speed 6600 - $25
• Shimano Ultegra Cassette 10 Speed 6600 (12/25) - $55


ULTEGRA has been redesigned completely to appeal to a wide range of cyclists. In this new design, extra attention has been paid to increased ergonomics. Specifically the Dual Control lever the same style as the ST-7801 which achieves a smooth and effortless operation due to its ergonomic design. The front derailleur rigidity is increased by 20% compared to the previous model. The HOLLOWTECH II crankset improves rigidity and efficiency while reducing weight. Overall new ULTEGRA 10-speed is lighter than previous 9-speed model.
We are now offering a complete groupset kit, simply make your selection from the products below and confirm your selection.

Shimano Ultegra Rear Derailleur 10 Speed 6600
http://www.chainreactioncycles.com/Images/Models/150/7875.jpg

Features:

• Wide link design: Wide outer link design increases rigidity.
• SIS-SP41 cable housing. The cable housing with silicon grease reduces friction by 10%.
• 9 & 10-speed compatible

Specifications:

• Speeds: 10-speed
• Max. Sprocket: 27T
• Min. Sprocket: 11T
• Max Front Difference: 23T
• Total Capacity: 38T
• Guide Pulley: sealed ceramic bushing
• Tension Pulley: sealed bearing
• 11T Pulley: Yes
• Bracket Body: aluminium/clear coated
• Bracket Body Pivot Seal: double O-rings
• Plate Body: aluminium/clear coated
• Plate Body Pivot Seal: single O-ring
• Outer Link: aluminium/clear coated
• Inner Link: aluminium/barrel
• Sealed Link Pins: outer/inner link
• Link Pin Bushings: fluorine coated (4)
• Outer Plate: aluminium/anodized
• Inner Plate: aluminium/barrel
• Average Weight: 219g



Shimano Ultegra Front Derailleur Double 6600 Braze On
http://www.chainreactioncycles.com/Images/Models/150/13613.jpg

The wide pivot link design boosts strength and rigidity. Flex is suppressed, creating sharp, precise shifts that are faster and smoother, even from low to high gears off of the saddle.

Features

  • Wide link design:20% increased rigidity.
  • Pivot locations for less cage deflection:Pivot location at cage was moved to point of maximum force to reduce cage deflection.
  • Narrower chain cage:Narrower chain cage to accommodate 10-speed chain.
  • SG-X chainrings compatibility
  • Light action spring
  • DUAL SIS front index shifting
  • Weight: 103g


    Specifications
  • Rear speeds :10-speed
  • DUAL SIS: Yes
  • Top Gear Teeth: 50-56T
  • Capacity: 15T
  • Link Bushing: lower/A-pin
  • O-ring Seals: No.
  • Spring Cover: Yes
  • Chain Stay Angle: 61-66 deg.
  • Mounting: band
  • Applicable Chainline: 43.5mm
  • Band Diameter: 28.6***/31.8/34.9mm
  • Band/Brazed-on Clamp: aluminum/clear coated
  • Outer Link: aluminum/clear coated
  • Inner Link: aluminum/clear coated
  • Chain Guide: steel/pearl bright finish
  • Average Weight 103g




Shimano Ultegra STi Double 10 Speed 6600
http://www.chainreactioncycles.com/Images/Models/150/13643.jpg

Ergonomic innovation is probably more critical to the higher standard of the new 10-speed S.T.I. levers than the added gearing. The narrower cradle-style perch welcomes the high-on-the-hood riding style and accommodates all sizes of hands. The shift internals borrow the robustness from our MTB technology which results in a smooth and effortless shift.

Features

  • Ergonomic design: Refined lever hood for improved ergonomics.
  • Robust internal mechanism
  • Same lever response as Dura-Ace
  • Ergonomic shift stroke movment
  • Effortless shifting: Shift effort is reduced on release lever.
  • Short stroke shifting:Inward shift stroke distance is reduced by 10mm.
  • Weight:490g(pair)


    Specifications
  • Rear: 10-speed
  • Front: double
  • FLIGHT DECK: SM-SC70
  • Gear Sensor:Yes
  • Max. Single-Stroke Shifts: 3 (rear)
  • Handle Bar Diameter: 23.8-24.2mm
  • Bracket: engineering plastic
  • Levers: aluminum/clear coated
  • Super SLR: Yes
  • Shift Cable: stainless
  • Average Weight: 490g(pair)

Shimano Ultegra Chainset HT II Double 6600

http://www.chainreactioncycles.com/Images/Models/150/11787.jpg

The Hollowtech II crank and bottom bracket combines race-proven hollow forging technology with the integrated crankset & bottom bracket. Weight is reduced while rigidity & power transfer is radically increased.

In addition to Hollowtech II integrated design; the crank arms are hollow which provide amazing strength and rigidity at a light weight. Finally, SG-X chainrings enable super smooth front shifting. Special tooth profiles, pick-up spikes and ramps help make the front derailleur shifts quiet, easy and trouble free for you the rider.

Features

• Crankset with integrated Bottom Bracket.
• Crank Arm Lengths: 172.5
• Gearing:53-39T

Specifications:

• HYPERDRIVE: Yes
• DUAL SIS: Yes
• Chain compatibility: Super Narrow HG for 10-speed
• Hollow Crank Arm: HOLLOWTECHII
• Reinforced Spider: Yes
• Number of Teeth: 53-39T
• Bolt Circle Diameter: 130mm
• Crank Arm forged: aluminum/anodized
• Chainrings: aluminum/anodized
• Average Weigh:t 839g-53-39T,70mm,integrated BB
• 10 Speed

Shimano Ultegra Bottom Bracket 6600/6603 6600 Ultegra bottom bracket - British thread
http://www.chainreactioncycles.com/Images/Models/150/11725.jpg
Features

• The bottom bracket bearings for the HollowTech II FC6600 crankset
• Minimal bearing interface gives superbly smooth rolling
• Required for installation of FC7800 chainset, with a choice of English or Italian thread BB cups
• Set includes left and right hand cups, inner cover and inner O-rings
• Sealed cups keep out dirt and water
• Maintenance free

Shimano Ultegra Chain 10 Speed 6600 High performance super narrow 10-speed chain.
http://www.chainreactioncycles.com/Images/Models/150/12573.jpg
Features:
• Hyperglide (HG) series 10-speed compatible chain, recommended for Ultegra drivetrains
• HG technology has chamfered inner plates to optimise shifting performance on HG sprockets
• Durability is assured through a chromising treatment on link pins, and the heat treatment of rollers, pins, and plates
• Mushrooming of the pins gives unsurpassed side-plate retention, enabling the chain to far exceed the BS/ISO standard for breaking force
• 5.88 mm chain width, optimised for 10-speed Super Narrow HG drivetrains
• Zinc-alloy silver finish on outer plates, and grey finish on inner plates increase corrosion resistance

Shimano Ultegra Cassette 10 Speed 6600 12/25

http://www.chainreactioncycles.com/Images/Models/150/13592.jpg

Computer designed Hyperglide (HG) sprockets incorporate specifically positioned shift ramps and tooth profiles for improved chain control during shifting. Fast and responsive indexed shifting is the result.

Specifications

  • Speed: 10-speed
  • Finish: nickel plated
  • Average Weight: 235g (12-23T)

Friday, December 05, 2008

Bono about (RED)WIRE

U2 - I Believe In Father Christmas [U2's contribution to (RED)WIRE]

Not So Easy on His Knees: Balancing Faith with Celebrity

Not So Easy on His Knees: Balancing Faith with Celebrity, Part I

Part II

Part III

Editor’s Note: Here, we continue to publish the work of Dr. Laurie Britt-Smith and her exploration of Bono’s rock-n-roll rhetoric. In this installment, she begins an exploration of the tension between faith and celebrity grounded in the concept of a Discourse community.

Previous articles:

Community, Rock, & Rhetoric

Is Bono A Prophet

And A Rock Star Shall Lead Them


Some Carbon Candor: A climate guru rebukes his mates on cap and trade.

Liberal interest groups, think tanks, lobbyists, bloggers and other nuisances are inundating the incoming Obama Administration with advice, but James Hansen recently managed to say something interesting. Namely, the famous NASA scientist had the nerve to expose some of the global-warming fantasies widespread among children and politicians.

No, the spiritual leader of the climate-change movement hasn't recanted. Global warming threatens "not simply the Earth, but the fate of all its species, including humanity," he writes in his manifesto, which is tame by Mr. Hansen's normal rhetorical standards. (He likes to compare carbon to the Holocaust: "those coal trains will be death trains -- no less gruesome than if they were boxcars headed to crematoria.")

But Mr. Hansen also had the honesty to follow his convictions to their logical conclusion, while reproaching his followers -- President-elect Obama among them -- for not doing the same. To wit, Mr. Hansen endorses a straight carbon tax as the only "honest, clear and effective" way to reduce emissions, with the revenues rebated in their entirety to consumers on a per-capita basis. "Not one dime should go to Washington for politicians to pick winners," he writes.

The risks of fossil fuels remain speculative, but if they really are the apocalypse of Mr. Hansen's prophecies, then the cleanest remedy is a tax. That would raise energy and all other prices as the incentive for new technologies and investments. But a tax would be neutral, eliminating the market distortions caused by subsidies and regulation, and the proceeds could be used to offset other taxes. The transition to a world in which growth is not tied to carbon would still be long and extremely expensive, but a tax would be the least painful way to get there.



"A tax should be called a tax," Mr. Hansen writes. "The public can understand this and will accept a tax if it is clearly explained and if 100 percent of the money is returned." Clearly the man is not standing for elective office.

Beltway sachems prefer posturing that disguises the cost of rising energy prices, such as cap and trade. This "subterfuge," as Mr. Hansen terms it, shifts the direct burden onto businesses, which then pass it along to consumers. Congress may flatter itself that it is saving mankind, but what the Members really want is a cap-and-trade windfall that they can redistribute in the green pork of Mr. Obama's "new energy economy," whatever that means.

Unrealistically, Mr. Hansen also favors a complete phase-out of coal-fired electric power, arguing that it be replaced by advanced nuclear, which could be capable of recycling radioactive waste within a decade. He adds: "It is essential that hardened 'environmentalists' not be allowed to delay the R&D on 4th generation nuclear power." We'd like to see him debate Al Gore on that one.

Mr. Hansen can usually find a journalistic stenographer for his pronouncements. This one evaporated without a trace. Perhaps it's because the Obama transition is drowning in position papers. Or perhaps his candor is merely too embarrassing.

Barack's Windfall Reversal: Here comes the 'change' part of his Administration.

One of Barack Obama's emerging political qualities is how casually he has been dumping the ballast of his campaign promises. The latest lousy policy to go over the side is a windfall profits tax on U.S. oil companies.

Throughout his run for President, Mr. Obama argued the industry deserved special taxation on its "excess" earnings. He planned to use the proceeds to fund an "emergency" round of $1,000 rebate checks for families. "It isn't right that oil companies are making record profits when ordinary Americans are going into debt trying to pay rising energy costs," he said. The sentiment featured in campaign ads and attacks on John McCain.

Mr. Obama never did offer a good or even particular reason for the oil majors to face this Carter-era inspiration -- apart from appeasing the populist furies. And he couldn't, either, given that multiple other industries profit more both in absolute terms and in returns on equity or sales. Nor could he account for the fact the tax confiscation would merely be passed along to the public in forgone investment in new exploration and production (and thus higher prices at the pump) or lower dividends.

Now with the election safely over, a transition spokesman explained this week that the drop in oil prices to $50 a barrel has made the windfall tax a dead letter. Left unexplained was why the oil companies suddenly decided to stop profiteering, or manipulating commodity prices, or whatever it was they were supposedly doing. But be thankful for small mercies. It is reassuring that Mr. Obama's calls to arbitrarily soak an unpopular business were merely rooted in political expediency, not some economic philosophy.

Wednesday, December 03, 2008

Tisdale's biggest rebound comes after loss of leg to cancer

Wayman Tisdale

ESPN

Tisdale says his experiences on the basketball court helped him face the challenges of cancer.


Wayman Tisdale

ESPN

Tisdale has become a quick learner on his Sooners-style prothesis.



Wayman Tisdale

ESPN

"If you see me smile, you see the genuine love. That's me."